Rocky Mountain Chocolate Factory, Inc. (RMCF) shareholders
RMCFNasdaqSugar & Confectionery ProductsFiscal year ends February 28
Financials through Q2 FY2027, quarter ended Aug 31, 2026Last filing: 10-Q on Oct 19, 2026Score 4/3049% below fair value
$0.74−0.04 (-5.31%)
Close on Nov 12, 2026Market cap $7.11MP/E –Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
8.1%
1M of 10M shares
Institutional holders
25
7 new, 6 sold out
Net institutional buying
-0M
In Q2 2026
Insider trades, 12 months
3 buys · 18 sales
Net sold $615.39K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Jeffrey R. Geygan Joint filing with Global Value Investment Corporation (21.14%), James P. Geygan (21.14%) | 1,966,219 | 21.14% | 13D (active) amendment | Dec 18, 2025 |
| ARM-D Rocky Mountain Chocolate Holdings LLC Joint filing with Gloria Eugenia Perez-Jacome Friscione (16.10%) | 1,500,000 | 16.10% | 13D (active) | Dec 18, 2025 |
| Harper Allen C Joint filing with American Heritage Railways, Inc. (8.70%) | 812,370 | 8.70% | 13D (active) amendment | May 7, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of RMCF | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Renaissance Technologies LLC | 263,823 | 2.75% | $234.72K | −17,095 | 0.00% |
| Dimensional Fund Advisors LP | 82,104 | 0.86% | $73.05K | −12,652 | 0.00% |
| Vanguard Capital Management LLC | 66,950 | 0.70% | $59.59K | – | 0.00% |
| Geode Capital Management, LLC | 60,880 | 0.63% | $54.18K | −8,369 | 0.00% |
| Gsa Capital Partners Llp | 40,633 | 0.42% | $36.00K | +26,914 | 0.00% |
| Leverty Financial Group, LLC | 40,371 | 0.42% | $35.92K | – | 0.01% |
| Susquehanna International Group, Llp | 33,607 | 0.35% | $29.90K | New | 0.00% |
| Wealth Enhancement Advisory Services, LLC | 33,576 | 0.35% | $37.94K | New | 0.00% |
| Vanguard Fiduciary Trust Co | 30,507 | 0.32% | $27.15K | – | 0.00% |
| Salvus Wealth Management, LLC | 23,567 | 0.25% | $20.97K | – | 0.01% |
| Allworth Financial LP | 23,500 | 0.24% | $20.91K | – | 0.00% |
| CacheTech Inc. | 17,740 | 0.18% | $15.78K | – | 0.00% |
| 4wealth Advisors, Inc. | 15,225 | 0.16% | $13.09K | −1,000 | 0.01% |
| Hrt Financial LP | 14,197 | 0.15% | $12.00K | New | 0.00% |
| Private Advisor Group, LLC | 13,697 | 0.14% | $12.19K | New | 0.00% |
| Northern Trust Corp | 12,384 | 0.13% | $11.02K | New | 0.00% |
| Tower Research Capital LLC (TRC) | 3,878 | 0.04% | $3.45K | +1,796 | 0.00% |
| Fifth Third Bancorp | 1,000 | 0.01% | $890 | – | 0.00% |
| Morgan Stanley | 623 | 0.01% | $555 | +1 | 0.00% |
| SRS Capital Advisors, Inc. | 600 | 0.01% | $534 | New | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 25 | 1M | 8.1% | 7 / 4 | 4 / 6 | 0M | 0M |
| Q1 2026 | 24 | 1M | 11.9% | 8 / 5 | 6 / 4 | 0M | 0M |
| Q4 2025 | 22 | 1M | 9.8% | 5 / 5 | 5 / 5 | 0M | 0M |
| Q3 2025 | 23 | 3M | 27.1% | 2 / 5 | 7 / 2 | 0M | 0M |
| Q2 2025 | 23 | 3M | 29.7% | 1 / 2 | 9 / 3 | 0M | 0M |
| Q1 2025 | 25 | 3M | 30.3% | 3 / 7 | 6 / 1 | 0M | 1M |
| Q4 2024 | 23 | 3M | 36.3% | 5 / 3 | 9 / 0 | 2M | 0M |
| Q3 2024 | 19 | 1M | 15.1% | 0 / 5 | 7 / 4 | 0M | 0M |
| Q2 2024 | 24 | 1M | 15.5% | 4 / 5 | 8 / 1 | 0M | 0M |
| Q1 2024 | 21 | 1M | 15.1% | 2 / 8 | 2 / 2 | 0M | 0M |
| Q4 2023 | 21 | 1M | 15.1% | 3 / 6 | 3 / 5 | 0M | 0M |
| Q3 2023 | 23 | 1M | 15.2% | 4 / 3 | 5 / 2 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
12 funds held RMCF in Q2 2026, 38% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of RMCF | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Extended Market Index Fund | 66,950 | 0.70% | $59.57K | 0.00% | Jun 30, 2026 |
| U.S. Micro Cap Portfolio | 50,677 | 0.53% | $42.59K | 0.00% | Jul 31, 2026 |
| Fidelity Extended Market Index Fund | 42,151 | 0.44% | $83.04K | 0.00% | May 31, 2026 |
| U.S. Small Cap Portfolio | 13,940 | 0.15% | $11.72K | 0.00% | Jul 31, 2026 |
| Fidelity Series Total Market Index Fund | 7,317 | 0.08% | $14.41K | 0.00% | May 31, 2026 |
| Fidelity Total Market Index Fund | 4,766 | 0.05% | $9.39K | 0.00% | May 31, 2026 |
| Fidelity Nasdaq Composite Index Fund | 1,651 | 0.02% | $3.25K | 0.00% | May 31, 2026 |
| JNL/DFA U.S. Small Cap Fund | 1,500 | 0.02% | $1.33K | 0.00% | Jun 30, 2026 |
| Dimensional U.S. Core Equity 2 ETF | 289 | 0.00% | $243 | 0.00% | Jul 31, 2026 |
| Dimensional U.S. Small Cap ETF | 253 | 0.00% | $213 | 0.00% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| David A. Denker | COO | 38,369 | 0.40% | Aug 26, 2026 |
| Allen C. Harper | Interim CEO | 934,978 | 9.74% | Jul 13, 2026 |
| Carrie E. Cass | CFO | 124,263 | 1.29% | Mar 5, 2026 |
| Brian J. Quinn | Director | 112,961 | 1.18% | Oct 20, 2026 |
| Jacome Friscione Alberto Perez | Director | 93,016 | 0.97% | Oct 20, 2026 |
| Melvin L. Keating | Director | 117,079 | 1.22% | Oct 20, 2026 |
| Jeffrey Richart Geygan | Director, 10% owner | 2,020,436 | 21.04% | Sep 9, 2026 |
| Steven Lynn Craig | Director | 364,289 | 3.79% | Sep 3, 2026 |
| American Heritage Railways, Inc. | 10% owner | 860,000 | 8.96% | May 8, 2026 |
| Kathleen Geygan | – | 1,265,105 | 13.18% | Jan 22, 2026 |
| Shawn G. Rice | – | 1,977,519 | 20.60% | Jan 22, 2026 |
| James Geygan | – | 1,966,219 | 20.48% | Jan 22, 2026 |
| Value Investment Corp. Global | 10% owner | 1,824,936 | 19.01% | Jan 22, 2026 |
| Stacy Wilke | – | 1,973,134 | 20.55% | Jan 22, 2026 |
| Gvp 2021-A, L.P. | – | 1,132,482 | 11.80% | Jan 22, 2026 |
| Gvp 2021-A, Llc | – | 1,061,441 | 11.06% | Jan 22, 2026 |
| ROCKY Mountain Chocolate Holdings LLC ARM-D | 10% owner | 1,500,000 | 15.62% | Jan 2, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Jeffrey Richart Geygan Director | Jul 27, 2027 | Buy | +7,400 | $5.75 | $42.55K | 709,835 |
| Jacome Friscione Alberto Perez Director | Oct 19, 2026 | Award | +7,000 | – | – | 93,016 |
| Brian J. Quinn Director | Oct 19, 2026 | Award | +7,000 | – | – | 112,961 |
| Melvin L. Keating Director | Oct 19, 2026 | Award | +7,000 | – | – | 117,079 |
| Jacome Friscione Alberto Perez Director | Sep 22, 2026 | Award | +7,000 | – | – | 86,016 |
| Melvin L. Keating Director | Sep 22, 2026 | Award | +7,000 | – | – | 110,079 |
| Brian J. Quinn Director | Sep 22, 2026 | Award | +7,000 | – | – | 105,961 |
| Jeffrey Richart Geygan Director, 10% owner | Sep 9, 2026 | Other | −16,605 | – | – | 1,775,873 |
| Jeffrey Richart Geygan Director, 10% owner | Sep 1, 2026 | Award | +55,622 | – | – | 244,563 |
| Melvin L. Keating Director | Sep 1, 2026 | Award | +55,622 | – | – | 103,079 |
| Brian J. Quinn Director | Sep 1, 2026 | Award | +55,622 | – | – | 98,961 |
| Steven Lynn Craig Director | Sep 1, 2026 | Award | +55,622 | – | – | 364,289 |
| Jacome Friscione Alberto Perez Director | Sep 1, 2026 | Award | +55,622 | – | – | 79,016 |
| Jeffrey Richart Geygan Director, 10% owner | Aug 31, 2026 | Award | +3,900 | – | – | 188,941 |
| Brian J. Quinn Director | Aug 26, 2026 | Award | +7,000 | – | – | 43,339 |
| Melvin L. Keating Director | Aug 26, 2026 | Award | +7,000 | – | – | 47,457 |
| Jacome Friscione Alberto Perez Director | Aug 26, 2026 | Award | +7,000 | – | – | 23,394 |
| Allen C. Harper Interim CEO | Jul 8, 2026 | Award | +107,399 | – | – | 124,519 |
| Allen C. Harper 10% owner | May 4, 2026 | Sale | −50,000 | $2.45 | $122.50K | 860,000 |
| American Heritage Railways, Inc. 10% owner | May 4, 2026 | Sale | −50,000 | $2.45 | $122.50K | 860,000 |
| Allen C. Harper 10% owner | May 1, 2026 | Sale | −35,900 | $2.45 | $87.96K | 910,000 |
| American Heritage Railways, Inc. 10% owner | May 1, 2026 | Sale | −35,900 | $2.45 | $87.96K | 910,000 |
| Allen C. Harper 10% owner | Mar 5, 2026 | Sale | −8,918 | $2.60 | $23.19K | 945,900 |
| American Heritage Railways, Inc. 10% owner | Mar 5, 2026 | Sale | −8,918 | $2.60 | $23.19K | 945,900 |
| Carrie E. Cass CFO | Mar 5, 2026 | Award | +54,263 | – | – | 124,263 |
| Allen C. Harper 10% owner | Mar 4, 2026 | Sale | −11,297 | $2.60 | $29.37K | 954,818 |
| American Heritage Railways, Inc. 10% owner | Mar 4, 2026 | Sale | −11,297 | $2.60 | $29.37K | 954,818 |
| Allen C. Harper 10% owner | Feb 27, 2026 | Sale | −5,241 | $2.60 | $13.63K | 966,115 |
| American Heritage Railways, Inc. 10% owner | Feb 27, 2026 | Sale | −5,241 | $2.60 | $13.63K | 966,115 |
| Allen C. Harper 10% owner | Feb 26, 2026 | Sale | −18,715 | $2.61 | $48.85K | 971,356 |
| American Heritage Railways, Inc. 10% owner | Feb 26, 2026 | Sale | −18,715 | $2.61 | $48.85K | 971,356 |
| Allen C. Harper 10% owner | Feb 25, 2026 | Sale | −430 | $2.60 | $1.12K | 990,071 |
| American Heritage Railways, Inc. 10% owner | Feb 25, 2026 | Sale | −430 | $2.60 | $1.12K | 990,071 |
| Allen C. Harper 10% owner | Feb 20, 2026 | Sale | −7,499 | $2.60 | $19.50K | 990,501 |
| American Heritage Railways, Inc. 10% owner | Feb 20, 2026 | Sale | −7,499 | $2.60 | $19.50K | 990,501 |
| Allen C. Harper 10% owner | Feb 19, 2026 | Sale | −2,000 | $2.62 | $5.24K | 998,000 |
| American Heritage Railways, Inc. 10% owner | Feb 19, 2026 | Sale | −2,000 | $2.62 | $5.24K | 998,000 |
| Jeffrey Richart Geygan Interim CEO, Director, 10% owner | Jan 16, 2026 | Buy | +11,300 | $1.98 | $22.37K | 1,792,478 |
| Shawn G. Rice – | Jan 16, 2026 | Buy | +11,300 | $1.98 | $22.37K | 1,971,306 |
| Jacome Friscione Alberto Perez Director | Dec 22, 2025 | Award | +16,394 | – | – | 16,394 |
| Steven Lynn Craig Director | Dec 22, 2025 | Award | +25,248 | – | – | 308,667 |
| Brian J. Quinn Director | Dec 22, 2025 | Award | +25,248 | – | – | 36,339 |
| Melvin L. Keating Director | Dec 22, 2025 | Award | +25,248 | – | – | 40,457 |
| James Geygan – | Nov 24, 2025 | Other | −6,915 | $1.62 | $11.20K | 1,960,006 |
| Jeffrey Richart Geygan Interim CEO, Director, 10% owner | Nov 24, 2025 | Other | −6,915 | $1.62 | $11.20K | 1,781,178 |
| Jeffrey Richart Geygan Interim CEO, Director, 10% owner | Nov 4, 2025 | Buy | +8,935 | $1.64 | $14.65K | 1,791,783 |
| Jeffrey Richart Geygan Interim CEO, Director, 10% owner | Nov 4, 2025 | Other | −3,690 | – | – | 1,788,093 |
| Stacy Wilke – | Nov 4, 2025 | Other | −3,690 | – | – | 1,966,921 |
| Stacy Wilke – | Nov 4, 2025 | Buy | +8,935 | $1.64 | $14.65K | 1,970,611 |
| Jeffrey Richart Geygan Interim CEO, Director, 10% owner | Oct 24, 2025 | Buy | +6,720 | $1.82 | $12.23K | 1,784,993 |
| Jeffrey Richart Geygan Interim CEO, Director, 10% owner | Oct 24, 2025 | Other | −2,145 | – | – | 1,782,848 |
| Shawn G. Rice – | Oct 24, 2025 | Buy | +6,720 | $1.82 | $12.23K | 1,963,821 |
| Shawn G. Rice – | Oct 24, 2025 | Other | −2,145 | – | – | 1,961,676 |
| Jeffrey Richart Geygan Interim CEO, Director, 10% owner | Oct 22, 2025 | Buy | +8,775 | $1.78 | $15.62K | 1,778,273 |
| Shawn G. Rice – | Oct 22, 2025 | Buy | +8,775 | $1.78 | $15.62K | 1,957,101 |
| Jeffrey Richart Geygan Interim CEO, Director, 10% owner | Oct 21, 2025 | Buy | +14,562 | $1.65 | $24.03K | 1,769,498 |
| Shawn G. Rice – | Oct 21, 2025 | Buy | +14,562 | $1.65 | $24.03K | 1,948,326 |
| Jeffrey Richart Geygan Interim CEO, Director, 10% owner | Oct 20, 2025 | Other | −3,385 | – | – | 1,754,936 |
| Jeffrey Richart Geygan Interim CEO, Director, 10% owner | Oct 20, 2025 | Buy | +13,753 | $1.61 | $22.14K | 1,758,321 |
| Jeffrey Richart Geygan Officer, Director, 10% owner | Oct 20, 2025 | Buy | +13,753 | $1.61 | $22.14K | 1,937,149 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
2.45%
0M shares short
Days to cover
3.6
At 0M shares a day
Change since last report
-7.0%
From 0M shares
Short volume, 20 days
49.8%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Rocky Mountain Chocolate Factory's stock actually held short. Settlement fails (shares not delivered on time) peaked at 75,663 shares on Aug 17, 2026 over the last 90 days.
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